Voluntary Foreclosure
A voluntary foreclosure is a foreclosure action taken by a borrower who is unable to make loan payments on a property and wants to avoid…
Business
Voluntary Reserve
A voluntary reserve is a sum of money held by an insurance firm above and above any government-mandated minimum. Government agencies routinely control reserves in…
Valuation Reserve
A valuation reserve, also known as a mandatory securities valuation reserve, is a group of assets placed aside by life insurance companies as a buffer…
DataRails Books $25M More to Build Better Financial Reporting Tools for SMBs
As enterprise startups continue to notice attractive gaps in the market, we see increasingly sophisticated equipment being created for small and medium businesses – traditionally…
Allowance for Doubtful Accounts
The allowance for doubtful accounts, also known as the allowance for uncollectible accounts, is a contra-asset account linked to accounts receivable that serve to reflect…
Debt Service Reserve Account (DSRA)
The debt service reserve account (DSRA) is a separate account set aside to make debt payments in the event that cash flows are disrupted to…
Bad Debt Expense
Businesses account for bad debt expense when they have a receivable account that will not be paid. It is recognized when a receivable is no…
Bad Debt Reserve
A bad debt reserve, also known as an allowance for doubtful accounts (ADA), is a provision for the amount of bad debt that is expected…
Vitosha Venture Partners Launches $30M Fund to Back Bulgarian-Related Early-Stage Startups
Vitosha Venture Partners is a brand new venture fund Bul. The 26 million euro ($30 million) funding target ranges from the minimum ticket size to…
Co-Living Startup Habyt Closes $24M Series B, Merges with Homefully
When WeWork appeared, other entrepreneurs looked at the model and thought, if you can co-operate on Apple property, why not apply for co-live. Thus, in…
Kenyan Foodtech Startup Kune Raises $1M Pre-Seed for its Ready-to-Eat Meals Service
There has been a wave of innovation in food technology around the world, still in its early days in Africa. There are only a handful…
Tractable Raises $60M at a $1B Valuation to Make Damage Appraisals using AI
As the insurance industry adjusts to life in the 21st century, the AI startup is announcing a significant round of funding to grow the computer…
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